US stocks rise
Expectations of a US Federal Reserve interest rate cut in December and a recovery in technology stocks supported the market in this session.
At the close, the Nasdaq technology index jumped 0.82%, while the Dow Jones and S&P 500 also recorded positive results. Leading the market's increase were technology stocks with names such as Nvidia, Dell..., thanks to positive business results and optimistic prospects. Airline stocks also increased strongly due to high demand for travel during the holidays. According to CNBC, Wall Street is currently heading for the strongest week of growth of major indexes since the end of June.
Matt Britzman, an expert at Hargreaves Lansdown, said that the market has been volatile in recent weeks due to expectations of a Fed rate cut. Jack Ablin, an expert at Cresset Capital Management, said that if these expectations are reinforced, the market could continue to rise. He explained that the rise in small-cap and “value” stocks shows a healthy shift in capital flows: from mega-cap technology to many other companies that will benefit from lower borrowing costs.
Analysts also said the market was supported by speculation that Kevin Hassett, Director of the National Economic Council, could become the next Fed Chairman, as expectations mount that Hassett will continue to cut interest rates.
Source: https://vtv.vn/chung-khoan-my-tang-diem-100251127095220136.htm
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